Financial technology (better known as Fintech) is used to describe new components of technology that seek to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes and lives. Specialized software and algorithms are utilized using computers and smartphones. Fintech, the word, is a combination of finance and technology. In the early years of 21st century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer- oriented definition.
In short, Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers. It primarily works by unbundling offerings by such firms and creating new markets for them.
Startups disrupt incumbents in the finance industry by expanding financial inclusion and using technology to cut down on operational costs. Fintech funding is on the rise but regulatory problems exist. Fintech now encompasses all sectors and industries. It is prominently used in education, banking, nonprofit organisations, fundraising, and investment management, to name a few. Examples of fintech applications include roboadvisors, payments apps, peer-to-peer (P2P) lending apps, investment apps, and crypto apps, among others.
It is to stay and be apart of our lives in future. Hence, it is very essential that we get an insight into the foundations and applications of fintech.
Course Learning Objectives:
1: Understand the fundamentals of Fintech and its evolution.
2: Describe Disruptive Technology Trends in Finance.
3: Assess Fintech Innovations in Payments and Lending.
4: Examine regtech and other components of Fintech
5: Appraise Digital Banking Architectures and Branchless Banking Models
6: Assess the Role of Digital Banking and Sustainable Finance Initiatives
| Course Status : | Ongoing |
| Course Type : | Core |
| Language for course content : | English |
| Duration : | 6 weeks |
| Category : |
|
| Credit Points : | 3 |
| Level : | Postgraduate |
| Start Date : | 20 Jan 2025 |
| End Date : | 30 Apr 2025 |
| Enrollment Ends : | 28 Feb 2025 |
| Exam Date : | 25 May 2025 IST |
| Translation Languages : | English |
| NCrF Level : | 6.5 |
| Industry Details : | Finance and Investment |
| Exam Shift : | 1 |
Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.
Week 1: Introduction to Fintech
Week 2: Disruptive Technology Trends
Week 3: Fintech in Payments & Lending
Week 4: Regtech, Suptech, Wealthtech & Insurtech
Week 5: Digital banking Architecture and branchless banking
Week 6: Sustainable finance and government initiatives
Exam Schedule
Reference Books and Links
• Susanne Chishti, Janos Barberis (2016). The FINTECH Book: The Financial Technology
• Sanjay Phadke (2020) Fintech future, The Digital DNA of Finance,SAGE Publishing.
• Susanne Chishti, Janos Barberis (2016), THE FINTECH BOOK: The financial technology handbook for investors, entrepreneurs and visionaries, Wiley.
• Agustin Rubini (2018). Fintech in a Flash: Financial Technology Made Easy, Zaccheus Entertainment, 3rd edition (2018), ISBN-10: 1547417161, ISBN-13: 978-1547417162.
Other Reading Materials
• Deloitte announces 2023 Financial Services Predictions – Press release | Deloitte US
• KPMG's Pulse of Fintech - H1'2023 - KPMG Global
• EY Tech Trends Chapter VIII: top FinTech trends in 2023
• Choudhary, P., & Thenmozhi, M. (2024). Fintech and financial sector: ADO analysis and future research agenda. International Review of Financial Analysis, 103201.
• Harsono, I., & Suprapti, I. A. P. (2024). The Role of Fintech in Transforming Traditional Financial Services. Accounting Studies and Tax Journal (COUNT), 1(1), 81-91.
• KPMG (2017) “The pulse of Fintech Q4 2016: Global analysis of investment in fintech,” KPMG,.
• G. Hileman and M. Rauchs (2017), Global Cryptocurrency Benchmarking Study, Cambridge: Cambridge Centre for Alternative Finance.
• CrowdfundingHub (2016) Current State of Crowdfunding in Europe: An Overview of the Crowdfunding Industry in more than 25 Countries: Trends, Volumes & Regulation.
• PwC (2016), “Financial services technology 2020 and beyond: Embracing disruption”.
• Citigroup(2016), “Digital disruption: How FinTech is forcing banking to a tipping point,”
• Innovate Finance(2015) , “Innovate finance manifesto: UK 2020”.
• Palgrave Macmillan (2017) Investigating the global FinTech Talent Shortage, Toronto: Ryerson University, 2017.
• R. McWaters (2015) “The future of financial services: How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed,” World Economic Forum.
Dr. Shalini R, a passionate educator and finance expert, is a Faculty of Finance at CMS Business School, Jain (Deemed-to-be University), Bangalore. Her academic journey began with an MBA in Finance from Bangalore University, followed by a NET (Management) and PhD in Finance. Over the years, she has published several papers in Scopus, WOS and ABDC journals including renowned journals like Industrial Marketing Management (A*) and case study published in Ivey Business School. She has won two Best Paper awards at International conferences and also Best Teacher award in her teaching career. Her research interests are on Fintech and Corporate Finance, particularly in emerging fields like the Fintech, Metaverse, Generative AI, and Behavioral Finance. She has presented at esteemed conferences organized by institutions such as IIT Madras, IISc Bangalore, IIM Kozhikode, and the Accounting Research Institute in Malaysia.
Passion for learning new things and sharing knowledge has led Dr. Chaya Bagrecha, Professor at CMS Business School, Jain University to a conscious decision of opting teaching as a profession. She comes from a business family, which has helped her in hands on training in entrepreneurial skills. She has done her MBA from Kuvempu University and Secured First rank and two gold medals for the best outgoing student in 1993. Having done her NET with JRF and SLET, she has come a long way, both in terms of academics and research. She was awarded the doctoral for her research in corporate governance. She is the recognized research guide of Jain and Bangalore University. She has published around fifty papers in various journals and presented more than seventy-five papers in National and International conferences. Her research interests are in the diverse areas of Corporate Governance, Universal Banking, Poverty alleviation, Work Life Balance, Indian politics, Portfolio management and entrepreneurship. She has a keen interest in learning new Packages and analytical tools in Statistics.
Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.
Assessment Type | Weightage |
Weekend Assessment | 25% |
Final Exam | 75% |
Score | Type of Certificate |
>=90 | Gold |
75 - 89 | Silver |
70 - 74 | Bronze |
40 - 70 | Successfully Completed |
<40 | No Certificate |
Sample Certificate:
Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.
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